Foreclosure Numbers Not as Bad as Analysts Feared

A recent stock rally report caught my eye due to the real estate component. Keep in mind, this is a national report, not keyed specifically to the Louisville real estate market.

A report on the housing market, while still showing a slowdown, was reassuring because it wasn’t as bad as investors expected. The National Association of Realtors said sales of previously occupied homes fell to an annual rate of 5.37 million in June from 5.66 million a month earlier. Economists forecast the sales rate to fall to 5.18 million.